XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net earnings $ 151,582 $ 69,969
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 37,531 41,199
Amortization of net premiums on investment securities 15,038 18,468
Accretion of net purchased loan discounts and deferred loan fees (67,217) (87,108)
Amortization of intangible assets 21,479 25,373
Amortization of operating lease ROU assets 17,672 27,614
Provision for credit losses 58,100 30,000
Gain on sale of foreclosed assets (92) (947)
Provision for losses on foreclosed assets 756 1,020
Loss (gain) on sale of loans and leases 133 (625)
Loss on sale of premises and equipment 0 24
Loss on sale of securities 0 59,946
Gain on BOLI death benefit 0 (52)
Unrealized loss (gain) on derivatives, foreign currencies, and credit-linked notes, net 217 (825)
LOCOM HFS adjustment 9 (218)
Earned stock compensation 18,042 14,013
Decrease in other assets 38,418 124,162
Decrease in accrued interest payable and other liabilities (138,151) (324,435)
Net cash provided by (used in) operating activities 153,517 (2,422)
Cash flows from investing activities:    
Net increase in loans and leases (744,844) (399,666)
Proceeds from sales of loans and leases 242,787 2,455,794
Proceeds from maturities and paydowns of securities available-for-sale 330,804 151,634
Proceeds from sales of securities available-for-sale 0 681,888
Purchases of securities available-for-sale (444,452) (729,612)
Proceeds from maturities and paydowns of securities held-to-maturity 19,122 1,095
Purchases of FHLB and FRB stock (16,291) (20,790)
Redemptions of FHLB and FRB stock 4,727 2,013
Proceeds from sales of foreclosed assets 10,989 14,561
Purchases of premises and equipment (2,979) (8,913)
Proceeds from sales of premises and equipment 0 136
Proceeds from BOLI death benefit 1,256 2,074
Net decrease in equipment leased to others under operating leases 6,125 7,152
Net cash (used in) provided by investing activities (592,756) 2,157,366
Cash flows from financing activities:    
Net (decrease) increase in noninterest-bearing deposits (116,165) 37,542
Net increase (decrease) in interest-bearing deposits 109,021 (3,611,042)
Repayments of borrowings (176,967) (2,422,278)
Proceeds from borrowings 790,000 1,100,000
Common shares repurchased under Stock Repurchase Program (187,727) 0
Common shares purchased under Dividend Reinvestment Plan 214 243
Exercise of options 77 0
Restricted stock surrendered (3,617) (2,550)
Preferred stock dividends paid (29,841) (29,841)
Common stock dividends paid (49,703) (50,367)
Net cash provided by (used in) by financing activities 335,292 (4,978,293)
Net decrease in cash, cash equivalents, and restricted cash (103,947) (2,823,349)
Cash, cash equivalents, and restricted cash, beginning of period 2,502,212 5,377,576
Cash, cash equivalents, and restricted cash, end of period 2,398,265 2,554,227
Supplemental disclosures of cash flow information:    
Cash paid for interest 542,971 819,859
Cash received for income taxes (8,062) (7,160)
Loans transferred to foreclosed assets 6,725 15,564
Transfers from loans held for investment to loans held for sale 448,107 1,930,285
Transfers to loans held for investment from loans held for sale $ 0 $ 1,179